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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: Investor2 who wrote (5372)	5/26/1999 10:32:00 AM
From: Wally Mastroly	Respond to of 15132

Re: "..buying opportunities..."-Some food for thought - one man's opinion: Message 9765197 Some excerpts: "..June is the second worst month statistically for market last 50 years at it is down 28 times and up 22 times for SPX and DOW. Stock Traders Almanac says June tends to be a down month during bear markets..." "..Buy the dips has been the rule of law and been REWARDED EVERYTIME. Think for a minute, what if this time it is different...."

To: Investor2 who wrote (5372)	5/26/1999 11:18:00 PM
From: Lars	Respond to of 15132

Investor2, >>> I don't know about you, buy I'm still holding out for a better buying opportunity. I've got my eye on a few stocks, but they either 1) are close to fair value and haven't gone down much over the past couple of days, or 2) are great companies which have gone down some but are still overvalued. >>> I agree. We are not at a point to dump money into the market. I would start to contemplate that if we move to lower 9000s on the Dow. I think it is prudent to revisit the feelings and thoughts people had last summer. It would be a good exercise to quietly reflect on what took place. I see the scenario happening again. Human nature is interesting. At this point, actually I have thought this since we were in the upper 9000s, I believe we are ripe for another correction in the 20% range. It is amazing to look at the 12 month charts for the Dow and S&P. FWIW.